Nio will build and build its own battery pack from 2024

Nio will start making in-house advanced high-voltage battery packs from 2024.

The electric car maker currently has more than 400 employees working on research and development of battery technology and will begin building an 800-volt battery pack in the second half of 2024.

Speaking to analysts last week, Nio chairman William Lee confirmed that the new battery packs will be used by new, affordable models by 2024. Although no specific details are known about these models, they are expected to vary in price from 200,000 yuan to 300,000 yuan. ($ 30,000 to $ 45,000).

Read more: NIO owners must pass a test before using a semi-autonomous system after a fatal crash

Lee added that Nio will in the future use both self-manufactured and battery-powered from third parties, Reuters Report

The latest model introduced by the Chinese carmaker is the ET5. Unveiled in December last year, the car competes with the likes of the Tesla Model 3 and the BMW i4. It is offered with a 75 kWh battery pack which is said to be good for a range of 342 miles (550 km), a 100 kWh pack with a range of more than 435 miles (700 km) and a huge 150 kWh pack with a claimed 621 miles ( 1,000 km) range. All variants have a pair of electric motors that produce a combined 483 hp and 516 lb-ft (700 Nm) of torque, allowing the sedan to accelerate to 62 mph (100 km / h) in 4.3 seconds.

The Nio ET5 is equipped with its complete suite of semi-autonomous driving systems, including NIO Autonomous Driving (NAD), NIO Aquila Super Sensing, and NIO Adam Super Computing System.

The interior of the ET5 is also quite noticeable. It has a 10.2-inch HDR digital instrument cluster with a large tablet-style infotainment screen. The EV fits in with Nio’s PanoCinema system, which uses augmented and virtual reality technology to project an effective 201-inch screen size up to six meters. The ET5 features ambient lighting, a Dolby Atmos 7.1.4 surround sound system and a smart key.

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